The Welfare Of Online Business People At The Faculty Of Social And Political Sciences, University Of North Sumatra

The Welfare of Online Business People at the Faculty of Social and Political Sciences, University of North Sumatra

Introduction

In today's digital age, running an online business has become a viable option for students to achieve independence, especially in economic terms. The Faculty of Social and Political Sciences (FISIP), University of North Sumatra (USU), has seen a significant number of students engaging in online businesses, which has raised questions about their welfare. This study aims to examine the welfare of online business people at USU FISIP, focusing on their economic and non-economic benefits.

Background

The rise of online businesses has created new opportunities for students to earn a living and develop their entrepreneurial skills. Online businesses allow students to market products or services through the internet and make profits, which can help them finance their college education and support their families. However, the welfare of online business people at USU FISIP has not been extensively studied, and there is a need to understand the benefits and challenges they face.

Methodology

This study employed a qualitative research approach, using primary data collection methods such as observation and interviews. The research subjects were USU FISIP students who run online businesses. Secondary data was also collected in the form of audio-visual documents and materials. The data was analyzed using thematic analysis, which involved identifying and coding the themes that emerged from the data.

Results

The results of this study showed that students who run online businesses at USU FISIP are able to achieve economic profits. They are able to finance their college education and no longer ask for allowance from their parents. In addition, they are able to help their family economy by providing financial support. The study also found that students benefit from non-monetary income in the form of understanding digital technology, business knowledge, and business relationships.

Discussion

The findings of this study suggest that online business people at USU FISIP have achieved prosperity, both in the form of monetary and non-monetary income. Monetary income is proven to help them meet their daily needs, while the experience of running an online business provides an understanding of digital technology, business strategies, and relationships that can support the development of their business.

Conclusion

This study highlights the great potential of online businesses for students. In addition to helping in meeting financial needs, online business is also a means to develop abilities and knowledge that is beneficial for the future. This proves that students can not only be beneficiaries of education, but can also be an agent of change and driving force for the economy through online business.

Implications

The findings of this study have several implications for students, educators, and policymakers. Firstly, online business can be a viable option for students to achieve economic independence and develop their entrepreneurial skills. Secondly, educators can play a crucial role in supporting students who run online businesses by providing them with resources and guidance. Finally, policymakers can create an enabling environment for online businesses to thrive by providing infrastructure and support services.

Limitations

This study has several limitations that need to be acknowledged. Firstly, the study was conducted at a single university, which may limit the generalizability of the findings. Secondly, the study relied on self-reported data from students, which may be subject to biases and limitations. Finally, the study did not examine the challenges faced by online business people at USU FISIP, which is an area that requires further research.

Future Research Directions

This study highlights several areas that require further research. Firstly, there is a need to examine the challenges faced by online business people at USU FISIP, including the obstacles they encounter and the support they need. Secondly, there is a need to investigate the impact of online businesses on the economy and society, including the creation of jobs and the development of local communities. Finally, there is a need to explore the role of online businesses in promoting entrepreneurship and innovation among students.

Conclusion

In conclusion, this study provides insights into the welfare of online business people at USU FISIP. The findings suggest that online business can be a viable option for students to achieve economic independence and develop their entrepreneurial skills. The study highlights the great potential of online businesses for students and provides implications for students, educators, and policymakers. Finally, the study identifies several areas that require further research, including the challenges faced by online business people and the impact of online businesses on the economy and society.
Frequently Asked Questions (FAQs) about the Welfare of Online Business People at the Faculty of Social and Political Sciences, University of North Sumatra

Q: What is the main objective of this study?

A: The main objective of this study is to examine the welfare of online business people at the Faculty of Social and Political Sciences, University of North Sumatra (USU FISIP), focusing on their economic and non-economic benefits.

Q: What are the benefits of running an online business for students?

A: Running an online business can provide students with economic profits, help them finance their college education, and support their families. Additionally, it can also provide non-monetary benefits such as understanding digital technology, business knowledge, and business relationships.

Q: What are the challenges faced by online business people at USU FISIP?

A: While the study did not specifically examine the challenges faced by online business people at USU FISIP, it is likely that they face similar challenges as online business people in general, such as competition, marketing, and financial management.

Q: How can educators support students who run online businesses?

A: Educators can play a crucial role in supporting students who run online businesses by providing them with resources and guidance. This can include providing access to online business courses, workshops, and mentorship programs.

Q: What are the implications of this study for policymakers?

A: The findings of this study suggest that policymakers can create an enabling environment for online businesses to thrive by providing infrastructure and support services. This can include providing access to funding, training, and networking opportunities.

Q: What are the limitations of this study?

A: This study has several limitations, including the fact that it was conducted at a single university, which may limit the generalizability of the findings. Additionally, the study relied on self-reported data from students, which may be subject to biases and limitations.

Q: What are the future research directions for this study?

A: There are several areas that require further research, including the challenges faced by online business people at USU FISIP, the impact of online businesses on the economy and society, and the role of online businesses in promoting entrepreneurship and innovation among students.

Q: What are the implications of this study for students?

A: The findings of this study suggest that online business can be a viable option for students to achieve economic independence and develop their entrepreneurial skills. Students who are interested in running an online business should consider the benefits and challenges of this option and seek support from educators and policymakers.

Q: What are the implications of this study for educators?

A: The findings of this study suggest that educators can play a crucial role in supporting students who run online businesses by providing them with resources and guidance. Educators should consider providing online business courses, workshops, and mentorship programs to support students who are interested in running an online business.

Q: What are the implications of this study for policymakers?

A: The findings of this study suggest that policymakers can create an enabling environment for online businesses to thrive by providing infrastructure and support services. Policymakers should consider providing access to funding, training, and networking opportunities to support online businesses.

Q: What are the implications of this study for the economy and society?

A: The findings of this study suggest that online businesses can have a positive impact on the economy and society by creating jobs, promoting entrepreneurship and innovation, and supporting local communities. Policymakers and educators should consider the potential benefits of online businesses and work to create an enabling environment for them to thrive.